In Brief Bitcoin’s recent drop to $112,500 is driven by leverage, with over $2.3 billion in open interest unwound. The decline is temporary. BTC currently at $114,200, with $112,526 support key for recovery. A breach of $115,000 could push Bitcoin toward $117,261 and $120,000. If Bitcoin fails to breach $115,000, further downside to $110,000 or…
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